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OpenStudy (anonymous):
Haley has deposited $816 in a savings account that earns interest at a rate of 2.9% compounded daily. What will the account balance be in nine years?
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OpenStudy (mertsj):
\[A=P(1+\frac{r}{n})^{nt}\]
OpenStudy (mertsj):
\[A=816(1+\frac{.029}{365})^{365(9)}=$1059.34\]
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